Overview: Equities are higher and bonds lower as the week's activity winds down. Asia Pacific markets rallied, paced by more than 2% gains in Hong Kong...
Futures, Oil Tumble As Attention Turns To Coming Recession, Powell Senate Testimony Tuesday's euphoric market mood has U-turned into sheer...
I’m giving a presentation on what determines Wisconsin exports. Here’s an interesting finding – since 2018, real goods exports have underperformed...
Is Fed Chair Powell's "Soft Landing" Even Possible? Via SchiffGold.com, After last week’s FOMC meeting, Federal Reserve Chairman Jerome...
Futures, Cryptos Surge As Dip Buying Turns Into "Nasty Squeeze" Following a relentless rout that erased nearly $2 trillion in market value...
Currency markets trade sideways over the US holiday Not a lot has changed in currency markets overnight despite some decent intraday ranges. The US holiday...
Copper price has extended last week’s losses to trade at its lowest level year-to-date. The red metal is hovering around a zone last hit in mid-August...
Recession fears are escalating The “R” word is being used more and more as recessionary winds start blowing more loudly through economic data and the...
Futures Rebound, Yen Crashes To End Turbulent Week On $3.4 Trillion Quad-Witch Day Ending a rollercoaster - but mostly lower - week for risk...
Pound jumps after BoE rate hike The pound had a wild day on Thursday, trading in a 350-point range. Sterling traded in a 300-point range overnight,...
The post-FOMC rally ran in equities out of steam within 24 hours with Wall Street plummeting overnight once again. Even the most ardent FOMO gnome had...
Wall Street up, US dollar down after Fed’s 0.75% hike Unless you were living on Mars, and even there they probably heard the news, the FOMC...
Overview: Better than expected Chinese data and an unscheduled ECB meeting are the highlights ahead of the North American session that features the May...
Equity markets jittery, US dollar soars Things didn’t improve from Friday overnight in New York, as the market scrambled to price in a 0.75% by the...
Silver price has edged lower in Monday’s session as a reaction to a stronger US dollar and higher Treasury yields. In the ensuing sessions, the focus...
A market perpetually looking for reasons to temper Federal Reserve hiking expectations (so they can buy equities), had those quashed on Friday. US headline...
This Is Worse Than Anyone Realizes: A Dire Outlook From Wall Street's Biggest Bear There was a (very) brief period in which BofA's Michael...
The firmer than expected US CPI did not change expectations that the Federal Reserve will hike the Fed funds target by 50 bp on June 15. What...
The Inflation Crisis Is Worse Than Admitted – Will Interest Rates Go To Record Highs? Inflation is not a new problem in the US; there has...
That’s the title I gave for an essay published in the Nikkei today: [Link to article] Here’s the text in English: Every decade, the debate...
Will a recession follow? It’s been a slow start to the month in financial markets but the ECB rate decision on Thursday finally got things moving...
Overview: Chinese markets were the notable exception amid sharp losses in many of the large markets in the Asia Pacific. A rebound in the Japanese...
Futures Rise Ahead Of Hawkish ECB Meeting US index futures turned positive on Thursday, even as European stock slipped ahead of the ECB decision...
Overview: Equity markets in Asia Pacific and Europe are weaker. The main exception in Asia Pacific was India, where the market rose by about 0.75%. ...
Inflation jitters send US yields, dollar higher Inflation. The chop-fest range trading beguiling currency, bond, and equities markets in the US this month...
Futures Drop As Yields Push Higher, Hawkish ECB Looms After yesterday's bizarro rally, US futures and European bourses dipped ending two days...
This week, one of the two central banks scheduled to release their monetary policy surprised markets with a bigger than expected rate hike. In Australia,...
It might be a sign of the times that over the past half year or so I have been less focused as of late on my...
Overview: China and Hong Kong re-opened after the Friday and holiday and equities rallied strongly. Japan, Taiwan, and South Korea advanced as well. However,...
The week ahead is full of important economic events poised to move financial markets. Three of them, in particular, look extremely interesting: the interest...